Hello Traders, As you can see on the Weekly chart of PVRINOX the price is almost at the support zone with Triple Bottom formation. So as per my view if a Bullish white candle(Green Candle) forms by end of this week at current levels there could be a super good chance that price can move upward direction up to 1550-1600 levels. CMP of the stock is 1406 and easily can gain around 150-200 points from CMP.
If the support zone breaks to downwards then it can fall till the next support zone around 1220 levels. I think that momentum is Bullish side now in this stock on weekly chart. If you find worth of this Idea I truly appreciate your support. What is your view on this idea ..please share your thought on below comment section.
Note: This is purely for educational purpose, take your entry and exit positions as per your own Risk. Happy Trading. Play safe.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.